Chaayos, at present, runs 50 outlets across Delhi-NCR, Mumbai, and Chandigarh.
"I think hyperlocal just has a higher gestation period. It takes longer for those businesses to get to profitability."
The fund will be utilised by Grofers to further ramp up its private label products and enhance supply chain
Said to be in talks with the founders to sell the stake, once valued at Rs 3,000 crore, at Rs 40-50 crore now.
Unlike 2016, the year 2017 saw many large companies such as Shopclues, BigBasket, and Swiggy going the venture debt way.
The Supreme Court decision has made customers hesitant to share Aadhar details with mobile wallet companies.
InMobi CEO Naveen Tewari says that the market base a startup is catering to should be large and unit economics should make sense.
The company expects to break-even in a whole-year basis in FY19.
While India is a different market than China, Sahai says, similar properties between the two countries, such as vast and heavily populated cities, will help the company deploy its expertise back in India.
As per Amazon, in the overall perspective, 50 percent of their sellers come from Tier 2 and Tier 3 cities
Founded by Krishna Wage and Abhishek Ashok in 2014, the company claims to be clocking about 100,000 transactions on a daily basis.
The round also includes debt and credit lines from multiple NBFCs.
ICON says that the construction of the house generates zero waste and the printer is designed to function under unpredictable constraints like limited water, power, and labour infrastructure to tackle housing shortages
Not just metro cities but young couples from even Tier 2 and 3 cities are concerned about the issue of infertility and are trying multiple means to take care of that.
The amount has been raised from Matrix Partners India as well as marquee investors like Bhavish Aggarwal and Ankit Bhati (Ola founders), Binny Bansal (Flipkart co-founder and Group CEO), Kunal Shah (Freecharge founder) and Manish Patel (founder and CEO of Mswipe).
The company is targeting to cash in on the millennial generation which seeks automated functions for critical procedures also, such as loan disbursement, card blocking and issuance, and so on.
"In a startup, nothing will ever happen unless you do it or make it happen".
They included President and Chief Operating Officer of cloud solutions firm Solunus Inc. Venkat Subramanian, serial IT entrepreneur Sudhakar Pennam and some other tech investors from Silicon Valley, the company said in a statement.
The company plans to use the capital to expand its platform, add more subjects, support Indian languages and accelerate the development of several new product features.
Flexiloans is a fintech startup that helps small and medium enterprises raise working capital loans at a time when banks conventionally shy away from placing their bets on SMEs.
The funds will be utilised towards product research and development, inventory buildup and expansion of its product portfolio.
With its largest-ever fund of USD 60 million, the seed-stage venture fund plans to close around 15 deals with a total investment size of roughly USD 4.5 million per company.
According to multiple reports, currency in circulation in the country has returned to pre-demonetisation levels.
Big names like Alibaba Group, Google, JP Morgan Investment Management are already invested in the startup
Globally, the top concern among men surveyed was related to security risk.